The Telegraph: French energy giants fuel UK double
Two French companies are on the brink of completing a unique business double in Britain. EDF, the state-controlled power group, is already the biggest electricity producer and next year Total, the nation’s flagship oil company, will become the leading oil and gas producer in the UK sector of the North Sea.
The breakthrough is not the product of a strategy hatched in the Elysée Palace, Philippe Guys assured The Telegraph, but pragmatic business. “I don’t know what EDF’s strategy is and we started in the North Sea before they arrived,” said Total’s managing director for UK exploration and production.
EDF is already the biggest electricity producer in Britain and next year Total will become the leading oil and gas producer in the UK sector of the North Sea.